Company for saleQuote "The Support Agreement contemplates a bidding and marketing process to seek strategic altenatives that in accordance with bid procedures to be approved by the US Court is intended to maximize value for stakeholders" Unquote
This clearly means that all the compan'y assets will be put up for sale either individually or in total, so this is really a liquidation scenario and not a workout. The sale proceeds are going to have to be north of a sum that totals bank debt owed to CS et al, plus trade and other creditors pre filing, plus drawings under the DIP facility plus creditors post filing plus legal and advisory fees etc before shareholders receive anything.
Looks like all that will be left is a shareholding in a shell company. The upside is that your fellow shareholders will be the gang that brought you Tuscany International Drilling Inc. so you can go around with them again.